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Just days after publishing his first book on the theory of
foolishness, Stephen Greenspan learned that he had been hoodwinked
by Bernard Madoff’s Ponzi scheme, or more accurately the Madoff
“feeder” fund he invested in. Greenspan published a featured
essay on the topic in the Wall Street Journal a few weeks later,
and that essay was widely cited and attracted great interest for
Greenspan’s ideas about gullibility and in the United States and
many other countries. Greenspan’s new book, The Anatomy of
Foolishness, explains why and how individuals (of all ages and
levels of intelligence) and organizations act in ways that
undermine their interests and even their continued existence. He
examines three types of foolishness, using vivid examples to
illustrate each, including the many foolish actions of US President
Donald Trump. Greenspan presents a multidimensional theory of
foolishness that contributes to the literature on human competence,
and this book is likely to attract broad interest in the fields of
psychology, sociology, economics, political science, and psychiatry
as well as among those members of the general public (basically
everyone) who have acted foolishly or know someone who has acted in
a way that went against their own interests.
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